XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.19.2

Supplementary Information | 6 Months Ended
--- | ---
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Additional Financial Information Disclosure [Text Block] | SUPPLEMENTARY INFORMATION
Other Income - Net | Three Months Ended June 30, | Six Months Ended June 30,
(In millions) | 2019 | 2018 | 2019 | 2018
Interest income | $ | 17 |  | $ | 24 |  | $ | 33 |  | $ | 51 |
Equity in (losses) earnings of affiliates - net | (5 | ) | 2 |  | (5 | ) | 1 |
Net gain (loss) on sales of businesses and other assets | 2 |  | 32 |  | (11 | ) | 34 |
Net exchange losses 1 | (32 | ) | (1 | ) | (59 | ) | (116 | )
Non-operating pension and other post employment benefit credit 2 | 46 |  | 70 |  | 97 |  | 137 |
Miscellaneous (expenses) and income - net 3 | (28 | ) | 1 |  | (24 | ) | 4 |
Other income - net | $ | — |  | $ | 128 |  | $ | 31 |  | $ | 111 |
1. | Includes a $(50) million foreign exchange loss for the six months ended June 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform, which is included within significant items.
2. | Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, amortization of prior service benefit and curtailment/settlement gain).
3. | Miscellaneous (expenses) income - net, losses related to loss on sale of receivables, and other items.
The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the United States ("U.S."), whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income - net and the related tax impact is recorded in provision for income taxes on continuing operations in the interim Consolidated Statements of Operations.
(In millions) | Three Months Ended June 30, | Six Months Ended June 30,
| 2019 | 2018 | 2019 | 2018
Subsidiary Monetary Position Gains (Losses) |  |  |  |
Pre-tax exchange gains (losses) | $ | 17 |  | $ | (178 | ) | $ | 7 |  | $ | (112 | )
Local tax benefits (expenses) | 7 |  | (3 | ) | (3 | ) | 25 |
Net after-tax impact from subsidiary exchange gains (losses) | $ | 24 |  | $ | (181 | ) | $ | 4 |  | $ | (87 | )
Hedging Program (Losses) Gains |  |  |  |
Pre-tax exchange (losses) gains 1 | $ | (49 | ) | $ | 177 |  | $ | (66 | ) | $ | (4 | )
Tax benefits (expenses) | 11 |  | (41 | ) | 15 |  | 1 |
Net after-tax impact from hedging program exchange (losses) gains | $ | (38 | ) | $ | 136 |  | $ | (51 | ) | $ | (3 | )
Total Exchange Losses |  |  |  |
Pre-tax exchange losses | $ | (32 | ) | $ | (1 | ) | $ | (59 | ) | $ | (116 | )
Tax benefits (expenses) | 18 |  | (44 | ) | 12 |  | 26 |
Net after-tax exchange losses | $ | (14 | ) | $ | (45 | ) | $ | (47 | ) | $ | (90 | )
1. | Includes a $(50) million foreign exchange loss for the six months ended June 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.
Cash, cash equivalents and restricted cash The following table provides a reconciliation of cash and cash equivalents and restricted cash (included in other current assets) presented in the interim Condensed Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash presented in the interim Condensed Consolidated Statements of Cash Flows.
(In millions) | June 30, 2019 | December 31, 2018 | June 30, 2018
Cash and cash equivalents | $ | 2,077 |  | $ | 2,270 |  | $ | 2,696 |
Restricted cash | 436 |  | 460 |  | 471 |
Total cash, cash equivalents and restricted cash | 2,513 |  | 2,730 |  | 3,167 |
Cash and cash equivalents of discontinued operations | — |  | 2,254 |  | 1,799 |
Restricted cash of discontinued operations 1 | — |  | 40 |  | 45 |
Total cash, cash equivalents and restricted cash | $ | 2,513 |  | $ | 5,024 |  | $ | 5,011 |
1. | Amount included within other current assets. Refer to Note 5 - Divestitures and Other Transactions, for additional information.
EID entered into a trust agreement in 2013 (as amended and restated in 2017), establishing and requiring EID to fund a trust (the "Trust") for cash obligations under certain non-qualified benefit and deferred compensation plans upon a change in control event as defined in the Trust agreement. Under the Trust agreement, the consummation of the Merger was a change in control event. Restricted cash at June 30, 2019, December 31, 2018, and June 30, 2018 is related to the Trust.

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration